News

Apple posts 425% profit increase

Continued strong iPod sales have enabled Apple to post a 425% increase in net profits for the third-quarter.

For the three months ending June, Apple made a $320m (£182m) net profit on sales of $3.52bn. For the same period last year, Apple made a profit of $61m on sales of $2.08bn. Sales were up 75%.

Apple sold 1.18m Macintosh computers and 6.16m iPods in the quarter.

Mac sales were up 35% from the third quarter last year, and iPod sales were up six-fold.

The launch of Apple’s new Tiger operating system in April delivered a 64% increase in software sales.

During the quarter, Apple announced it planned to use microprocessors from Intel instead of IBM in its Macs.

Related Topics: PC hardware, VIEW ALL TOPICS

Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy